For Sale: Rochester MLS# 6792026
Active
NEW!
$495,000
Multi-family: Duplex Side by Side
Built 1963
2,824 sqft • 0.21 acres
Rochester schools
MLS# 6792026
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Property Description
Fantastic opportunity to own a fully updated side-by-side duplex in NE Rochester, just blocks from Silver Lake. Each unit offers its own address: 1507 5th Ave NE and 421 15th St NE, with separate utilities, mechanicals, and private laundry – ideal for investment or multi-generational living. Each unit has 2-bedrooms, a full bathroom, over 1, 000+ sqft on the main floors with a full basement and private dedicated garages. The 1507 unit features vaulted ceilings, white cabinets, newer finishes, an attached 1-car garage, finished basement with a family room, half bath and office. The 421 unit offers oak cabinets, vaulted ceilings, and a detached garage. Both units boast laminate flooring, refreshed kitchens and baths, and are in excellent, move-in-ready condition. As a bonus the detached garage offers a larger side that is sectioned off for an additional storage rental. This duplex combines location, lifestyle, and low-maintenance living. Whether you're looking for solid rental income or a place to live with additional cash flow, this property is ready to go.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$495,000
Price per sq ft:
$175
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
3
County:
Olmsted
Year Built:
1963
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55906
Subdivision Name:
Leitzens 5th Sub
Interior
Finished Area:
2,824 ft2
Living Area:
2,824 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Full
- Partially Finished
Exterior
Stories:
One
Garage Spaces:
3
Garage Dimensions:
26x34 12x24
Garage Size:
1,172 ft2
Foundation Size:
2,016 ft2
Foundation Dimensions:
28 x 72
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Shared Amenities:
None
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.21
Geolocation:
44.037178, -92.456066
Lot Dimensions:
70 x 134
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Jefferson
Middle School:
Kellogg
High School:
Century
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,700
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,798
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,798
Income
Annual Gross Income:
$32,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Re/Max Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.